Hyperliquid to Launch HIP-3 Upgrade, Enabling Permissionless Perpetual Contract Market Creation

Jinse Finance reported that Hyperliquid will activate HIP-3 in its network upgrade later today. HIP-3 aims to enable permissionless deployment of perpetual futures markets. HIP-3 is a significant improvement proposal for Hyperliquid. Previously, only the core team could launch perpetual contract markets, but HIP-3 allows any user who stakes 1 million HYPE to directly deploy their own market on-chain. This move breaks the previous limitation of perpetual contract decentralized exchanges (perp DEX) only being able to trade mainstream cryptocurrencies. Users can now create and launch derivative markets for various assets, including stocks, commodities, forex, prediction markets, and more.